Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 70.3% | 71% | 71.5% | 76.8% | 76% |
| EBITDA margin % | |||||
| 16.6% |
| 25.1% |
| 28.9% |
| 29.8% |
| 27.3% |
| EBIT margin % | 5% | 14.2% | 20.5% | 20.2% | 16.5% |
| PAT margin % | 3.8% | 10.2% | 14.9% | 15.1% | 12.9% |
| Working capital | |||||
| Receivable days | 117 | 127 | 101 | 92 | 100 |
| Inventory days | 116 | 87 | 80 | 112 | 118 |
| Payable days | — | 89 | 57 | 71 | 39 |
| NWC days | — | 126 | 124 | 132 | 179 |
| Leverage | |||||
| Current ratio | 1.67 | 2.05 | 2.6 | 2.86 | 2.91 |
| Debt to EBITDA | 0.77 | 0.57 | 0.24 | 0.16 | 0.22 |
| Debt to equity | 0.13 | 0.16 | 0.08 | 0.05 | 0.06 |
| Interest coverage | 3.2 | 14.2 | 38.9 | 25.5 | 26.7 |
| Asset turnover | 0.74 | 0.77 | 0.91 | 0.88 | 0.8 |
| Return ratios | |||||
| Return on assets % | 2.8% | 7.8% | 13.5% | 13.3% | 10.3% |
| Return on capital employed % | 6.4% | 15% | 24.3% | 24% | 17.4% |
| Return on equity % | 4% | 11% | 17.7% | 17.1% | 12.8% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.